How Long Does an RFP Take?
The average duration from RFP launch to final acceptance is about 78 days. Self-managed buyers are getting faster at completing RFPs — dropping from 87 days in 2023 to 65 days in 2025. TMC-managed programs run at a consistent ~78–82 days.
|
Management Model
|
2023 Avg. Days
|
2024 Avg. Days
|
2025 Avg. Days
|
Trend
|
|
Direct / Self-Managed
|
87.2
|
72.7
|
64.9
|
Improving ↓
|
|
TMC-Managed
|
76.3
|
81.9
|
78.8
|
Relatively Stable →
|
Source: cvent
How Much Negotiation Should You Expect?
Over 60% of RFPs had at least one negotiation in 2025 and 2 to 3 rounds of negotiation is typical, with some buyers targeting a single comprehensive negotiation.
|
Year
|
% Accepted As-Is (0 Rounds)
|
% Going to 1+ Rounds of Negotiation
|
|
2023
|
~32%
|
~68%
|
|
2024
|
~20% (highest negotiation on record)
|
~80%
|
|
2025
|
~36%
|
~64%
|
Source: cvent